Which country has collaborated with major UPI apps for real-time remittances, allowing Indians to receive funds directly into their bank accounts through the UPI-PayNow linkage?a)United Statesb)United Kingdomc)Singapored)AustraliaCorrect answer is option 'C'. Can you explain this answer?

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Which country has collaborated with major UPI apps for real-time remittances, allowing Indians to receive funds directly into their bank accounts through the UPI-PayNow linkage?

a)
United States
b)
United Kingdom
c)
Singapore
d)
Australia

Correct answer is option 'C'. Can you explain this answer?

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Which country has collaborated with major UPI apps for real-time remit...

The groundbreaking UPI-PayNow linkage, announced by the NPCI, has opened avenues for real-time remittances from Singapore to India. Major UPI and bank apps, such as SBI, Axis, ICICI, BHIM, PhonePe, and Paytm, have been enabled for this service. This collaboration marks a significant advancement in facilitating instant, secure, and cost-effective cross-border transactions between India and Singapore.

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Which country has collaborated with major UPI apps for real-time remit...

Collaboration between India and Singapore for UPI-PayNow linkage:
India and Singapore have collaborated to enable real-time remittances through major UPI apps, allowing Indians to receive funds directly into their bank accounts. This initiative has been made possible through the UPI-PayNow linkage.

Key Points:
- The collaboration between India and Singapore has facilitated seamless and instant cross-border remittances for users of UPI apps.
- The UPI-PayNow linkage allows for direct transfer of funds from Singapore to India through the respective digital payment platforms.
- This partnership has streamlined the process of sending and receiving money internationally, providing convenience and efficiency to users.
- By leveraging the UPI-PayNow linkage, Indians can receive funds in real-time, eliminating the need for traditional banking channels and reducing transaction times.
- The collaboration reflects the growing trend towards digital payments and cross-border transactions, enhancing financial connectivity between India and Singapore.

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Which country has collaborated with major UPI apps for real-time remit...

C) Singapore

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